Londonmetric Property PLC (LMP) Given Average Recommendation of “Hold” by Analysts

Shares of Londonmetric Property PLC (LON:LMP) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is GBX 172.17 ($2.28).

Several equities research analysts have recently issued reports on the company. Liberum Capital lifted their price target on Londonmetric Property PLC from GBX 155 ($2.06) to GBX 170 ($2.25) and gave the company a “hold” rating in a report on Tuesday, August 1st. Peel Hunt reiterated an “add” rating and set a GBX 180 ($2.39) price target on shares of Londonmetric Property PLC in a report on Monday, October 2nd. Finally, J P Morgan Chase & Co lifted their price target on Londonmetric Property PLC from GBX 175 ($2.32) to GBX 195 ($2.59) and gave the company an “overweight” rating in a report on Tuesday, June 20th.

In other Londonmetric Property PLC news, insider Martin McGann purchased 92,764 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were bought at an average cost of GBX 165 ($2.19) per share, with a total value of £153,060.60 ($203,025.07). Insiders purchased a total of 272,870 shares of company stock worth $45,328,656 over the last three months.

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Shares of Londonmetric Property PLC (LON LMP) traded down 0.35% on Friday, reaching GBX 169.70. 642,370 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 167.23 and a 200 day moving average of GBX 166.46. Londonmetric Property PLC has a one year low of GBX 138.30 and a one year high of GBX 175.20. The firm’s market capitalization is GBX 1.18 billion.

The business also recently disclosed a dividend, which was paid on Friday, October 6th. Investors of record on Thursday, August 31st were paid a GBX 1.85 ($0.02) dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, August 31st.

Londonmetric Property PLC Company Profile

LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.

Analyst Recommendations for Londonmetric Property PLC (LON:LMP)

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